Personal Protective Equipment Market

Personal Protective Equipment Market Outlook

The personal protective equipment market is anticipated to grow with a CAGR of 2.9% in 2022. This is expected to surpass the valuation of USD 53 Billion. The market was at USD 51.5 Billion in 2021.

Across the forecast period ranging from 2022-2032, the personal protective equipment market value is poised to expand at a CAGR of 6.6% to reach US$ 100.3 Billion.

Market Analysis	Values
Anticipated Base Year Value (2021)	US$ 51.5 Billion
Market Value in 2022	US$ 53 Billion
Projected Forecast Value (2032)	US$ 100.3 Billion
Global Growth Rate (2022-2032)	6.6% CAGR
Expected Growth Rate Asia-Pacific (2032)	6.5%
Key Manufacturers	Honeywell International 3M Company E. I. du Pont de Nemours and Company Kimberly-Clark Corporation Ansell Limited MSA Safety Inc. Lakeland Industries Inc. Alpha Pro Tech Ltd. Sioen Industries NV Radians Inc. Avon Rubber P.L.C Alpha Pro Tech Limited JAL Group Italia SRL COFRA SRL Uvex Safety Group Rock Fall (UK) Limited Lindstrom Group Mine Safety Appliances (MSA) Company Mallcom (India) Ltd. Lindstrom Group Polison Corp.

Market Revenue Analysis 2015-2021 vs. Future Outlook 2022-2032

According to Fact.MR, market research and competitive intelligence provider, the market for Personal Protective Equipment grew at a 4.8% CAGR from 2015 to 2021. Adoption of stringent regulatory frameworks for worker safety has expanded the market for personal protective equipment.

Various safety regulations have been issued by governments around the world in order to reduce accidents and uncertainty in industries. Several government regulations and standards require end-use industries provided workers with protective equipment in certain types of work environments.

Demand was further heightened amid the COVID-19 pandemic, as frontline healthcare workers and citizens alike sought personal protective equipment to prevent themselves from being infected by the virus.

In addition, innovations in protective gear to combat skin, face, and respiratory injuries while working in hazardous industrial environments will differentiate product offerings and help manufacturers gain a competitive edge.

Because of the aforementioned factors, the personal protective equipment market is expected to exceed a market revenue of US$ 100 Billion while growing nearly 2x during the forecast period.

Prominent Personal Protective Equipment Industry Growth Drivers

Workplace Security and Safety Regulations to Boost Market Growth

The market is being fueled by rising worker safety and health awareness, as well as an increase in industry fatalities. Safety helmets, safety footwear, protective clothing, earplugs, safety goggles, eyewear, protective gloves, emergency escape devices, and full-body harnesses are all available on the market.

The growing number of workplace fatality rates or hazards has compelled workers to use personal protective equipment (PPE) to ensure individual safety. According to the International Association of Oil and Gas Producers (IOGP), for example, there was an 8.1% drop in the fatal accident rate and a reduction in fatalities in the oil and gas industry from 33.5% in 2017 to 31.7% in 2018.

Integration of PPE with wearable technology is gaining significant traction with rising incidence of accidents at the workplace which is resulting in growth of smart PPE market.

NIOSH has issued recommendations for reducing the risk of such fatalities by performing hazard assessments on the well site, training workers on the hazards associated with gauging tanks, using respiratory protection such as Self-contained Breathing Apparatus (SCBA), and establishing emergency medical response during the event. In addition, various compliance consulting firms offer recognized certifications and tests for proper product usage in order to maintain a healthy workplace environment driving market growth.

Personal Protective Equipment Market Growth Will Be Driven by Growth in the Construction Industry

According to the market analysis, growing infrastructure and construction projects in the United States, China, and India may create massive market expansion opportunities. According to OSHA, the construction industry had over 995 deaths out of 4,500 in 2019, primarily due to being struck by objects, electrocution, falls, trench cave-ins, and malfunctioning equipment such as cranes and forklifts. Falls are the leading cause of rising fatality rates in the construction industry.

Every year, construction-related falls cause approximately 100,000 injuries and close to 100 to 200 deaths, according to OSHA. The growing number of novel infrastructure projects for residential and commercial building developments will increase the market share of personal protective equipment.

Furthermore, construction workers wear protective boots with puncture-resistant and slip-resistant soles, which aid in the prevention of crushed toes, particularly when working around heavy equipment.

Due to stringent regulatory policies and norms, as well as a high mortality rate, the market is expected to grow at a significant rate. All of these factors contribute to the well-being of workers. It would help to boost the market growth.

Key Challenges Prevalent in the Global Personal Protective Equipment Market

Sales of moderate, low-quality goods will limit market growth

The lack of consumer awareness about workplace hazards, combined with the sale of substandard, low-quality, and low-cost products, may stymie market growth. Aside from that, the threat of duplicate, low-quality, and substitute products may stymie the growth of the industrial safety footwear segment. Furthermore, these products are subjected to rigorous and stringent quality checks, which are primarily devised by regulatory bodies in order to overcome such an unorganized sector.

Country-wise Analysis

What is the Growth Outlook for Personal Protective Equipment in North America?

North America is expected to lead global sales, accounting for more than 29% of the total market share. Developed countries such as the United States and Canada are at the forefront of labor protection practices.

 Manufacturers of personal protective equipment are recognizing the incremental growth opportunities in North American countries. Furthermore, rising shale gas and oil reserve exploration are critical to this region's product demand.

The rising number of workplace fatalities, combined with increased worker and manufacturer awareness of occupational safety measures, will drive regional market growth. According to the U.S. Bureau of Labor Statistics, approximately 5,250 workers died as a result of a work-related injury in the United States in 2018. Furthermore, rising government spending in the medical and health care sectors will fuel the market in the coming years.

Is Asia-Pacific likely to emerge as an Opportunistic Personal Protective Equipment Industry?

The Asia-Pacific personal protective equipment market is expected to grow at a CAGR of 6.5% between 2022 and 2032. Companies have implemented various safety assessment programs in response to the growing financial burden resulting from reimbursement of the costs of dealing with industrial risks. Furthermore, there is a significant increase in the number of skilled and unskilled workers, which will have an impact on the Personal Protective Equipment market outlook.

Every eight seconds, an employee is injured at work, according to the National Safety Council (NSC). Companies are required to follow strict regulatory guidelines that require them to provide certified PPE to their employees.

The APAC region's personal protective equipment (PPE) market the APAC region is expected to see lucrative growth opportunities over the forecast period. China, India, Indonesia, and Vietnam are the main growth countries in the APAC PPE market. 3M, Honeywell International, Inc., DuPont, Cardinal Health, Medline Industries, Inc., Kimberly-Clark Corporation, Ansell Ltd., and MSA Safety Inc. are just a few of the well-known companies rapidly expanding APAC PPE market growth.

Category-wise Insights

Why is Hand & Arm Protection Equipment Gaining Popularity?

Hand & arm protection leads the product type segmentation with over 1/4th of the total market value. This can be attributed to rampant construction and mining projects around the world. It is crucial for construction workers and miners to protect their hands and arms from possible health hazards.

Personal protective equipment manufacturers are making great strides in glove materials and enhanced grips and hence this segment is set to lead during the forecast period. Thus, according to Fact.MR, the hand and arm protection equipment is expected to register at a steady CAGR across the forecast period.

How is the Pharmaceutical Industry Generating PPE Demand?

According to Fact.MR, pharmaceuticals are expected to generate the highest revenue, accounting for nearly 30% of the market. Leading manufacturers such as 3M, are actively manufacturing PPE for the pharmaceutical industry.

As hospitals are the epicenter for several infections, patients and staff alike require various types of protective equipment, ranging from clothing to respiratory equipment.

Competitive Landscape

Market leaders are concentrating their efforts on expanding their customer base in foreign countries. These businesses are utilizing strategic collaborative initiatives to increase their market share and profitability. However, thanks to technological advancements and product innovations, mid-size to small businesses are expanding their market presence by securing new contracts and entering new markets.

• July 2020 - To assist the global response to COVID-19, 3M and MIT researchers began testing a new rapid test that can detect the virus. Accelerated research has been conducted to determine whether a simple-to-use diagnostic device can produce highly accurate results in minutes and is mass-manufactured.
• Kimberly-Clark Corporation donated 1 million face masks and cleaning products to public schools in Roswell, United States, in May 2021.
• June 2020 - The Neenan Company collaborated with Liberty Common High School (LCHS) to address the medical equipment shortage caused by the COVID-19 pandemic. Volunteers from both organizations have created over 800 face shields and 600 ear guards using LCHS' 3D printing studio to meet the increased demand for personal protective equipment (PPE) at frontline healthcare facilities.

Key Segments Covered

• By Type

  • Head Protection Personal Protective Equipment
    • Class A Helmet
    • Class B Helmet
    • Class C Helmet
  • Hands & Arm Protection Personal Protective Equipment
    • Aluminized
    • Aramid Fiber
    • Butyl
    • Coated Fabric
    • Disposable
    • Fabric
    • Leather
    • Metal Mesh
    • Natural
    • Neoprene
    • Nitrile
    • Rubber Insulating
    • Synthetic
  • Foot & Leg Protection Personal Protective Equipment
    • Foot and Shin Guards Combination
    • Foundry Shoes
    • Leggings
    • Metatarsal Guards
    • Safety Shoes
    • Special Purpose Shoes
    • Toe Guards
  • Eye & Face Protection Personal Protective Equipment
    • Eye Spectacles
    • Face Shields
    • Goggles
    • Laser Safety Goggles
    • Welding Shields
  • Hearing Protection Personal Protective Equipment
    • Earmuffs
    • Pre Formed Earplugs
    • Semiaurals
    • Single Use Earplugs
  • Body Protection Personal Protective Equipment
    • Aprons
    • Coveralls
    • Full Body Suits
    • Laboratory Coats
    • Surgical Gowns
    • Vests and Jackets
  • Others

• By End Use Industry

  • Construction
  • Manufacturing
  • Oil & Gas
  • Chemicals
  • Food
  • Pharmaceuticals
  • Transportation
  • Maritime
  • Fire and Rescue
  • Defense
  • Mining
  • Agriculture

• By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa